Determine the vehicle’s negotiated price
Subtract any down payment, trade-in value, and rebates
Find the residual value from the lease contract
Calculate the depreciation amount by subtracting residual value from adjusted capitalized cost
Divide the depreciation amount by the lease term in months
Find the money factor from the lease contract
Add the adjusted capitalized cost and residual value
Multiply that sum by the money factor to get the finance charge
Add the monthly depreciation charge and monthly finance charge
Add monthly taxes and fees if applicable
Verify the total monthly lease payment against the lease agreement